November 25th, 2018
CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) (“Origin House” or the “Company”), a leading North American cannabis products and brands company, today announced that it has entered into a strategic partnership (the “Agreement”) with boutique cannabis producer, Heritage Holding of California, Inc. d/b/a Artifact Henry’s Original (“Henry’s” or “Henry’s Original”).
As part of a broader brand acceleration and community support initiative, Origin House will finance the purchase of premium cannabis flower from local Mendocino County. Henry’s will process and package the flower into jars and pre-rolls under the Henry’s Original brand, which will be distributed exclusively by Origin House’s distribution subsidiaries, RVR Distribution (“RVR”) and Alta Supply, Inc. (“Alta”).
Commenting on the partnership, Afzal Hasan, President and General Counsel of Origin House said, “Our vision as Origin House is to become the home of premium cannabis brands and I’m excited to be able to leverage this unique opportunity with Henry’s Original as one of the first partnerships following our recent rebrand. This initiative allows us to financially support local Mendocino farmers, help the growth of a unique flower brand, while also driving our growing distribution business. Partnering with local entrepreneurs such as Jamie allows us to be a responsible corporate citizen promoting growth of the California cannabis industry. This Agreement is the one of a number of similar opportunities we’ve been exploring – we look forward to partnering with more passionate local California businesses to help bring their industry leading offerings to the world.”
Jamie Warm, CEO of Henry’s Original added, “We have been impressed with Origin House’s bespoke approach to supporting our business. Our cannabis comes from family-run farms in Mendocino County, renowned for terroir that produces the finest cultivation conditions. We’ve grown our business from scratch, handling everything in house. And while we will continue to do that, this partnership with Origin House has offered us opportunities to scale-up and work symbiotically with other businesses in the industry.”
Origin House, through its subsidiary, RVR Distribution, will purchase up to $2.5 million of bulk cannabis flower from Mendocino County cultivators selected by Henry’s. Henry’s will process and package the flower into jars and pre-rolls at its facility in Laytonville. The finished products will be exclusively distributed throughout the state by RVR and Alta.
About Origin House
Origin House is a growing cannabis products and brands company operating across key markets in the U.S. and Canada, with a strategic focus on becoming a preeminent global house of cannabis brands. The Company’s foundation is in California, the world’s largest regulated cannabis market, where it delivers over 130 branded cannabis products to the majority of licensed dispensaries. Origin House’s brand development platform is operated out of five licensed facilities located across California, and provides distribution, manufacturing, cultivation and marketing services for its brand partners. The Company is actively developing infrastructure to support the proliferation of its brands internationally, initially through its acquisition of Canadian retailer 180 Smoke. Origin House’s shares trade on the Canadian Securities Exchange (CSE) under the symbol “OH” and on the OTCQX under the symbol “ORHOF”. Origin House is the registered business name of CannaRoyalty Corp. For more information, visit www.originhouse.com.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers